AHL Investment Management Inc. Raises Stock Position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

AHL Investment Management Inc. lifted its stake in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 37.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,900 shares of the financial services provider’s stock after buying an additional 17,600 shares during the period. AHL Investment Management Inc.’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MIY. FSA Advisors Inc. purchased a new position in BlackRock MuniYield Michigan Quality Fund during the 3rd quarter worth approximately $150,000. West Michigan Advisors LLC purchased a new stake in BlackRock MuniYield Michigan Quality Fund in the third quarter valued at approximately $248,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 2.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 211,192 shares of the financial services provider’s stock valued at $2,536,000 after acquiring an additional 5,287 shares during the period. Melone Private Wealth LLC grew its position in shares of BlackRock MuniYield Michigan Quality Fund by 0.5% during the third quarter. Melone Private Wealth LLC now owns 378,496 shares of the financial services provider’s stock worth $4,546,000 after acquiring an additional 1,809 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 2.0% in the 2nd quarter. Cetera Investment Advisers now owns 179,534 shares of the financial services provider’s stock valued at $2,054,000 after acquiring an additional 3,511 shares during the period. 24.15% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.4 %

Shares of NYSE:MIY opened at $11.66 on Wednesday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 1-year low of $9.95 and a 1-year high of $12.11. The firm has a fifty day moving average price of $11.84 and a 200 day moving average price of $11.57.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.0545 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock MuniYield Michigan Quality Fund Profile

BlackRock MuniYield Michigan Quality Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes.